Week 16 Iowa Farmland Auction Results
Jason Smith
Auctioneer, Land Broker, Founder
Jason is an Auctioneer and Land Broker in Iowa and the surrounding states. The DreamDirt team of auctioneers, land brokers, and realtors specialize in farmland sales primarily serving the heirs to family farms all across Iowa and some surrounding states. Today's report details Iowa's current land market for land sold at auctions.
Email: Jason@dreamdirt.com | Phone: (515) 537-6633
Iowa Farmland Sales Summary Week 16, 2018
Remember last week when I said it was slow in Iowa Farmland Sales? This week there was one lone auction of 80% tillable farmland across the state and it was conducted by our company as an online-only auction. This means the entire auction was conducted online with no live event. DreamDirt has pioneered and led the market in internet bidding for land auctions in Iowa and we continue to move more auctions to Internet-only auction when this type of auction suits the seller’s interests. We also conduct all of our live auctions with online bidding included as a part of our auctions so you truly can have any type of auction you wish when you work with DreamDirt for your auction.
This particular auction was for a farm located in Clarke County Iowa at Osceola, Iowa. The auction terms included the buyer paying a 5% buyers premium on top of their high bid. 9 total bidders registered to bid online for this auction. All buyers were thoroughly vetted prior to auction day and when the auction started we had a very spirited competition for the property that came down to 2 bidders. The 2nd runner-up bidder dropped out at $6300 per acre while the remaining two bidders battled it out from $6300 to $9050 per acre. When the buyers premium was added to arrive at the contract price the property brought $9502 per acre. The average price per acre for Clarke County is $4,029 per acre while the average dollars per CSR2 point is currently $88.21 per acre. This online Internet auction sale beat the county average by a whopping 57.6%! When you calculate the dollars per CSR2 point this farm sold for it was $157.85.
We appreciated the opportunity to market this farm and conduct the auction for the seller Rosa Mathews. Auctions of highly desirable farms always make great auctions and great results for the seller. In this case, the farm was very near development with new housing to the south, new industry to the east and across I-35 was local entertainment and recreation. This combination of features made the property desirable to a number of bidders
Highlights From Week 16 Farmland Sales In Iowa
Iowa Farmland Auctions Report For April 15-21, 2018
| STATEWIDE TOTALS |
48 |
40 |
$9,502.00 |
60.20 |
$157.84 |
$380,080.00 |
83.33 |
| County | Total Acres | Tillable Acres | Price Per Tillable Acre | CSR2 | $ per Tillable CSR2 | Price | % Tillable |
| Clarke |
48 |
40 |
$9,502.00 |
60.2 |
$157.84 |
$380,080.00 |
83.33 |
Featured Iowa Farm For Sale
We are offering this 4500 head cattle feed lot for sale in Decatur County Iowa. Cattle properties like this do not make the market often and offer a real opportunity. You can contact Tom Bradley about this farm for sale in Decatur County Iowa at 515-202-7687
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